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Premier voices on trade balance, economic growth, CPI, budget revenues, non-hydrocarbons exports-

October 4, 2022

ALGIERS- “Despite the difficult situation that the country has gone through due to the repercussions of the economic and geopolitical environment on an international scale, the Government’s determination to honor its commitments for the implementation of its Action Plan of the 54 commitments of the President of the Republic, Mr. Abdelmadjid Tebboune has not been shaken”, assured, Monday in Algiers, the Prime Minister, Mr. Aïmene Benabderrahmane.

Presenting the Government’s General Policy Statement to the members of the People’s National Assembly (APN), Mr. Benabderrahmane said that the trade balance recorded a surplus of $14 billion during the first eight months of 2022, compared to a deficit of $10.6 billion during the same period in 2021.

He indicated that the national economy witnessed a dynamic in 2021, where an economic growth of 4.7 % was recorded. The consumer Price index (CPI) reached “+7.8” at the end of 2021 compared to “+2.4” during the same period in 2020.

As for the financial situation, the Prime Minister shed light on the government’s efforts to stabilize the overall indicators of the national economy and reduce imbalances. He noted that the budget revenues increased, in 2021, by 15.5 %, while the budget expenditures rose, in the same year, by 7.6 %.

In this vein, the Premier underlined that the non-hydrocarbons exports witnessed a significant increase of 42%, hiking from $2.61 billion in 2021 to $4 billion last August.

The Prime Minister, Mr. Aïmene Benabderrahmane, presented, this morning, before the People’s National Assembly (APN), the Government’s General Policy Statement, which highlights the achievements of the different sectors materialized under the reforms launched by President of the Republic Abdelmadjid Tebboune.

The plenary session devoted to the presentation of the declaration is chaired by the Speaker of the Lower House (APN), Mr. Ibrahim Boughali, in the presence of members of the government. It will be followed by a general debate, then by the Prime Minister’s answers to the questions raised by the deputies.

This Statement contains five chapters relating to the government’s action report for the period from September 2021 to August 2022, namely: “Consolidation of the rule of law and renovation of governance”, “For economic recovery and renewal,” “For human development and a strengthened social policy”, “For a dynamic foreign policy” and “Strengthening of national security and defence”.